Is 80241, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80241 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 80241 has remained a Seller's Market.

Key Takeaway

80241 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80241, CO

How much do homes in 80241, CO cost?

Median Sold Price

$525,000

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+1.0%)

Key Takeaway

Homes in 80241 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 80241 was $525,000 in October 2024, up 1% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$461K
N/A
2 $377.5K$415K
+9.9%
3 $489.5K$516K
+5.4%
4 $562.5K$570K
+1.3%
5+ $652.5K$676K
+3.6%

Summary: 80241 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

80602
+1.5%
80241
+1.0%
80233
+1.0%
80234
+0.6%
80023
-13.8%

Housing Supply in 80241, CO

How many homes are available in 80241, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
136137+0.7%

Summary: The 80241 real estate market had 137 homes for sale in October 2024, a 0.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 3027
-10.0%
3 5052
+4.0%
4 4137
-9.8%
5+ 1520
+33.3%

Summary: The 80241 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4338-11.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80241, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.

Summary: A total of 38 homes were sold or pending in 80241 in October 2024, down by 11.6% month-over-month. Of the 38 sold homes, 34% were sold under asking, 37% were sold at asking, and 29% were sold over asking.

Days on Market for 80241, CO

How long does it take to sell a home in 80241, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days25 Days+41.3%

Summary: Homes in 80241 had an average of 25 days on market in Oct 2024, up by 41.3% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80241 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 38 homes were sold in 80241; 63% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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